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Manba Finance Ltd (MANBA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544262 NSE: MANBA Finance - NBFC | Small Cap | Manba Finance Share Price

₹116.30 0.45 (0.39%)

As on 05-Jun'26 09:31

Manba Finance Ltd (MANBA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544262 NSE: MANBA Finance - NBFC | Small Cap | Manba Finance Share Price

₹116.30 0.45 (0.39%)

As on 05-Jun'26 09:31

Key Metrics
Valuation Multiples
Market Cap
₹582 Cr.
Current Price
₹116.3
52-Week Low / High
₹99 / 159
TTM EPS
₹9
Book Value per Share
₹81.6
P/E Ratio
12.83
Lower than its 5-year historical median
Industry PE
25.6
Price to Book (P/B)
1.42
Lower than its 5-year historical median
EV/EBITDA
6.33
Lower than its 5-year historical median
Dividend Yield
0.19%
Profitability Efficiency
Return on Equity (ROE)
13.28%
Return on Capital Employed (ROCE)
13.18%
Return on Assets (ROA)
3.10%
Growth Momentum
1-yr vs 3-yr growth
Net Interest Income Growth (1 Year)
Slowing versus 3-year growth rate
29.94%
Book Value Growth (1 Year)
Improving versus 3-year growth rate
37.9%
Asset Quality
Gross NPA(%)
3.23%
Net NPA(%)
2.45%
TTM Sales
₹313 Cr.
Reserves
₹360 Cr.
Equity
₹50.2 Cr.
Face Value
₹10
All Time Low / High
₹99.05 / 201.50

Manba Finance stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Manba Finance Ltd a good quality company?
Manba Finance Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on the bank’s performance on Total Income growth, Pre-Provision Operating Profit, RoA, RoE, CAR, and Asset Quality, along with how these metrics compare with its long-term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Total Income growth, NPM, PPOP, RoA and RoE compared to its last 5-year median.

  • How efficiently has it grown and managed operations?

    By checking its Total Asset growth.

  • How strong is its Capital position and Asset Quality?

    By checking its Capital Adequacy Ratio (CAR), GNPA and NNPA.

How does Manba Finance Ltd performance compare with that of its Peers?
Q.1 AUM Growth of Manba Finance Ltd vs Industry Peers?
Manba Finance Ltd AUM CAGR is 22.03%, compared to the 5-year industry median CAGR of 9.68%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Manba Finance Ltd?
Promoters hold 74.98% of the Manba Finance Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Manba Finance Ltd over the last decade?
Over the last 1 years, the stock has delivered a CAGR of -25.08% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Manba Finance Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Operating Income (₹ Cr.)39.54758.787.5118106107133192250313
YoY Gr. Rt. %-18.7%25.1%49%34.7%-10.3%0.9%25.1%43.7%30.7%-
Adj EPS (₹ ) 03.12.94.34.12.52.64.48.37.59
YoY Gr. Rt. %-NA-7%47.4%-4.7%-39.1%4%69.9%88.2%-9.2%-
BVPS (₹ )021.42630.830.637.740.344.753.373.481.6
YoY Gr. Rt. %-NA21.7%18.4%-0.6%23.2%6.9%11%19.1%37.9%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)3.23.12.93.43.51.71.82.53.63.10

CAGR

9 Years 5 Years 3 Years 1 Years
Net Interest Income22.8%16.3%32.9%30.7%
Adj EPSNA13%42.7%-9.2%
BVPSNA19.1%22.2%37.9%
Share Price - - - -14.4%

Key Financial Ratios

RATIOS \ YEARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Asset Quality Ratio To view Asset Quality Ratio Colour Rating Guide click here
Net NPA to Net Advances (%)0000000000-
Capitalization Ratio To view Capitalization Ratio Colour Rating Guide click here
Capital Adequacy Ratio (%) 0000000000-
Margins
Net Profit Margin (%)13.313.51416.415.48.99.112.416.315.114.5
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)15.415.814.116.315.26.76.610.416.913.311.1

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Income + 40475990119106107133192250
Interest Income40475987118106107133192250
Other Income 3334681191219
Exceptional Items 0003100000
Expenditure + 32374769959394111153200
Interest Expense 131721355051475782108
Operating Expenses 16172331383437455974
Provisions 3334681191219
Exceptional Items 0000000000
Profit Before Tax 8101221241313233950
Taxes 33476336712
Profit After Tax 5681418910173138
Adjusted EPS (₹)0.03.12.94.34.12.52.64.48.37.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%3.30%

Valuation of Manba Finance - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Equity Capital +435080104136142152168201369
Share Capital 6689131313133850
Reserves 38447294123129139156163319
Short term borrowings00000000404630
Long Term Borrowings127157230373395404393606359453
Current Liabilities 141924301081512413642
Trade Payables459104212711
Other Liabilities-4-5-9-10-4-2-12-7-405-632
Total Liabilities 1842253345065415545597869731,464

Assets

Non Current Asset +11122315141613408291,187
Loan Asset 000000007831,146
Other Non Current Asset 11122315141613404641
Current Asset +174213311491527538547746144277
Current Investment00000000015
Other Current Asset174213311491527538547746144262
Total Assets 1842253345065415545597869731,464

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 9-7-65-1147-747-124-141-324
Cash Flow From Investing Activity -1-2-113-1-1-1-191-15
Cash Flow From Financing Activity -81374123-1311-10202156453
Net Cash Flow 04-211-73365916115

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Operational & Financial Ratios

EPS (₹)011.1010.3015.2014.507.507.8013.208.307.50
DPS (₹)0000000000.30
BVPS (₹)075.692108.9108.3113120.9134.153.373.4

Performance Ratios

ROA (%)3.23.12.93.43.51.71.82.53.63.1
ROE (%)15.415.814.116.315.26.76.610.416.913.3
ROCE (%)14.514.613.214.314.811.910.812.114.013.2

Valuation Parameters

Price/Book(x)0.00.00.00.00.00.00.00.00.01.8

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Manba Finance Ltd FAQs

The current trading price of Manba Finance on 05-Jun-2026 09:31 is ₹116.3.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Manba Finance stood at ₹582.0 Cr

The latest P/E ratio of Manba Finance as of 04-Jun-2026 is 12.83.

The latest P/B ratio of Manba Finance as of 04-Jun-2026 is 1.42.

The 52-week high of Manba Finance is ₹159.2 and the 52-week low is ₹99.05.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Manba Finance is ₹313 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Manba Finance Ltd is a average quality company.

The key valuation ratios of Manba Finance Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Manba Finance Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Manba Finance Ltd

Manba Finance Limited was originally incorporated as ‘Manba Finance Private Limited’, a private limited company under the Companies Act, 1956 at Mumbai, Maharashtra, pursuant to a certificate of incorporation dated May 31, 1996, issued by the Registrar of Companies, Maharashtra at Mumbai (RoC).Thereafter, the company was converted into a public limited company pursuant to a special resolution passed by its Shareholders as on January 31, 2005 and consequently, the name of the company was changed to ‘Manba Finance Limited’. A fresh certificate of change of name, consequent upon conversion to a public limited company was issued by RoC on April 11, 2005. The RBI granted a certificate of registration dated April 7, 1998 to the company for registration as a NBFC under Section 45-IA of the Reserve Bank of India Act, 1934 (RBI Act). Subsequently, the RBI granted a revised certificate of registration dated January 27, 2022, to carry on business of non-banking financial institutions without accepting public deposits.

Manba Finance is a Non-Banking Financial Company-Base Layer (NBFC-BL) providing financial solutions for New two wheelers (2Ws,) three wheelers (3Ws), electric two wheelers (EV2Ws), electric three wheelers (EV3Ws), Used Cars, Small Business Loans and Personal Loans. It provides financial solutions to its target customers who are looking for a quick turnaround time (TAT) for loan sanction and disbursement. The company has a centralised credit team which remotely reviews loan applications and undertakes credit decisions primarily based on the credit data of the customer. It has implemented a comprehensive and robust credit assessment, risk management and collections framework to identify, monitor and manage risks inherent in its line of business. It bases its credit decisions on certain key factors like its internal credit policies, LTV and the customer’s existing cash-flows, CIBIL score and the collateral, which in case of vehicle finance is the vehicle itself, to assess the ability and capability of the customer to repay the loan to be disbursed by the company. It also has an in-house collection team which focuses on recovery of the monthly instalments from its customers. Its collection management process ensures account-level tracking of payments, resolution of queries, and initiation of legal actions, where required.

Business area of the company

The company is a registered as a non-banking finance company engaged in the business of providing finance. The company primarily deals in the financing of new 2Ws, 3Ws, EV2Ws, EV3Ws and personal loans.

History and milestones 

  • 1998: Received certificate  of  registration  from  RBI for  registration  of  the  company  as  a NBFC. 
  • 2009: Scaled up its operations in vehicle financing.
  • 2013: AUM of the company crossed Rs 5,000 lakh. 
  • 2014: AUM of the Company crossed Rs 10,000 lakh. 
  • 2018: Expansion of its operations to Pune.
  • 2018: AUM of the company crossed Rs 25,000 lakh. 
  • 2018: Expansion of its operations to Nashik and Satara in the state of Maharashtra and to Ahmedabad in the state of Gujarat.
  • 2020: AUM of the company crossed Rs 50,000 lakh. 
  • 2021: Listing of first tranche of non-convertible debentures on the BSE.
  • 2021: Opened branch in Jaipur in the state of Rajasthan. 
  • 2022: Expansion of its operations to Nagpur, Vidarbha region in the state of Maharashtra and to Raipur in the state of Chhattisgarh. 
  • 2023: Employee strength of the company crossed 1,000 employees.
  • 2023: Entered into a co-lending arrangement with Muthoot Capital Services Limited.
  • 2023: AUM of the Company crossed Rs 80,000 lakh as on December 31, 2023.
  • 2023: Expanded the network to more than 850 dealers, including more than 60 EV dealers.
  • 2023: 30,000 customers on boarded during the months of September, October and November with Rs 25,000 lakh disbursement amount.
  • 2023: Expanded operations to the state of Madhya Pradesh by opening a branch in Indore.
  • 2023: Launched new products such as Small Business Loans, Used Car Loans and Personal Loans.
  • 2024: AUM of the Company crosses Rs 90,000 lakh.
  • 2024: Expanded operations to the state of Uttar Pradesh by opening a branch in Lucknow.

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